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A shopper carries bags through Times Square in New York. U.S. personal consumption is expected to decline in the second quarter of 2013.
A shopper carries bags through Times Square in New York. U.S. personal consumption is expected to decline in the second quarter of 2013.
(Andrew Burton/Reuters)

SCOTT BARLOW

The terrible state of U.S. consumer spending

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One of the great perks of my year at The Globe and Mail was the chance to question Chicago Fed president Charles Evans. I just wish his outlook was more positive. His prediction that “the U.S. consumer will never be what it was” has been confirmed by economic data.